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president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by two-third vote, inhalf says he and others are more concerned about the domestic regulations. he continued to press white house about why the administration failed to issue reports on pending regulations in april and october as required by law. the white house wouldn't explain the last to us, the source says the federal agencies are in the process of pulling together that information. bret? >> bret: thank you. there are a lot of extremely happy people in washington state tonight at the stroke of midnight, hundreds lit up under the seattle space needl needle. recreational marijuana use became legal. washington and colorado became the first
president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by two-third vote, inhalf says he and...
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administration's foreign policy. you had ambassador rice, secretary clinton, president obama day after day after day issuing warnings to assad. you can see the good it's done. he continues to slaughter his own people. >> sean: some sources are saying we may be sending our carriers and we may be, in fact, making some military moves. i don't know if it's going to be too late. we'll have to watch and monitor and pray those weapons don't get used. >> sean: let me ask you. this whole campaign, there was a war on women and the majority of the discussion democrat with free contraception for women, 9 bucks a month for birth control pills. now we've got more morsi mobs, muslim brother hood mobs raping women in public. i haven't heard a peep out of the president. he asked mubarak to go. he's not asking morsi to go. the military has been taken over. the new constitution calls for shuria. where is the president and the feminist movement? >> we have all been focused on the fiscal cliff as we should be, but we're looking at a nati
administration's foreign policy. you had ambassador rice, secretary clinton, president obama day after day after day issuing warnings to assad. you can see the good it's done. he continues to slaughter his own people. >> sean: some sources are saying we may be sending our carriers and we may be, in fact, making some military moves. i don't know if it's going to be too late. we'll have to watch and monitor and pray those weapons don't get used. >> sean: let me ask you. this whole...
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i think that obama administration has set the tone that they will be there to bail people out. they bailed out general motors. they bailed out, you know, folks who couldn't pay their mortgages. they're helping people who can't pay for health insurance. i mean, the idea is that we can provide for people that can't provide for themselves. they've kind of set the tone that we'll be there to help you if you don't have the money for yourself. obama will be there on monday in detroit to answer personally whether he's planning to give the city any money. there's certainly precedent. it's happened before and it will happen against with the pension systems. >> greta: president ford did it with new york in the '70s. there's precedent. the problem is we don't have any money. >> we're out of money and i don't know where this ends. credit to the council woman. i think that's refreshing in politics. usually they're trying to be more tactful with these sorts of things. weesh out owe're out of money. obviously the prison and the democratic internet have some leverage but where does this end? w
i think that obama administration has set the tone that they will be there to bail people out. they bailed out general motors. they bailed out, you know, folks who couldn't pay their mortgages. they're helping people who can't pay for health insurance. i mean, the idea is that we can provide for people that can't provide for themselves. they've kind of set the tone that we'll be there to help you if you don't have the money for yourself. obama will be there on monday in detroit to answer...
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the issue of course has the full attention of the obama administration. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> syrian ground forces and rebels have been battling in and around syrian capital of damascus. it is now estimated that more than 40,000 people have been killed in violence in march 2011. >> just an atrocity there. >>> now to the pink slips at citigroup. the company is slashing 11,000 jobs worldwide. about 4% of its work force. more than half of those cuts will come from consumer banking. and they're aimed at saving $900 billion next year alone. investors were apparently pleased. because citi stocks shot up more than 6%. >>> the world's biggest coffee chain is about to get even bigger. starbuck's is planning to add 1,500 cafes across the country over the next five years and another 1,500 in canada and latin america. the company has big expansion plans in china. there are currently more than 18,000 starbuck's around the globe. they're now c
the issue of course has the full attention of the obama administration. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> syrian ground forces and rebels have been battling in and around syrian capital of damascus. it is now estimated that more than 40,000 people have been killed in violence in march 2011. >> just an atrocity there....
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this puts the obama administration in a very difficult position. it puts nato in a very difficult position. is there something preemptive that it must do in order to prevent the assad regime from using these weapons? is there any warning or emissary that can be sent to tell them that this is a red line and that it should not be done? >> excellent question about moving preemptively because the red line would mean that basically people would have to die, jennifer, in order for that line to be crossed. so then you ask can something be done to keep that from happening? real quickly al qaeda and other militants sometimes will move in and cede ground when conflicts are happening. >> i think what we have been seeing in syria and because the situation has been festers in syria for such a long time, you have seen various factions taking advantage of the an arcky. certainly there is concerns and some evidence that al qaeda-linked groups have tried to operate within syr
this puts the obama administration in a very difficult position. it puts nato in a very difficult position. is there something preemptive that it must do in order to prevent the assad regime from using these weapons? is there any warning or emissary that can be sent to tell them that this is a red line and that it should not be done? >> excellent question about moving preemptively because the red line would mean that basically people would have to die, jennifer, in order for that line to...
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the worsening of the position was confirmed today that the obama's administration, warnings. >> we are remain concerned as the opposition advances on damascus that the regime might very well consider the use of chemical weapons. the assad regime ought to not make the mistake thinking somehow it can use chemical weapons on their own people and get away with that. there will be consequences. >> western diplomats will be gathering in morocco. megynmegyn: james, thank you. the president warned that if syria does use chemical weapons that country would be crossing a red line. if they cross that line, what does our threat mean? air strikes? u.s. troops on the ground in syria? we'll speak with two experienced commanders about what a response would look like from the united states and the challenges ahead. >> there are discussions going on now but i want to tell everybody here. i'm happy. i have had a number of republicans come to me and a few democrats. we are going to change the rules. we cannot continue in this way. i hope we can get something that the republicans will work with us on. abou
the worsening of the position was confirmed today that the obama's administration, warnings. >> we are remain concerned as the opposition advances on damascus that the regime might very well consider the use of chemical weapons. the assad regime ought to not make the mistake thinking somehow it can use chemical weapons on their own people and get away with that. there will be consequences. >> western diplomats will be gathering in morocco. megynmegyn: james, thank you. the president...
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about four years ago when the first obama administration came in, eric holder signalled that they were not going to prosecute, go after medical marijuana in states that had approved it. since that time, a huge medical marijuana industry has popped up here. we have about 500 medical marijuana stores here and over 100,000 people on the medical marijuana registry. even though it's still against federal law, medical or not, so the advocates here are hoping that at the minimum they'll get that kind of wink and a nod sort of for the federal government. it still doesn't really settle anything, but that's their sort of early stage hope. they're realistic and know that this could well end up in court, and as you heard in the piece, they are ready to fight for what they call the will of colorado voters. >> so in the meantime here, if you're one of these people who is smoking in colorado or you want to smoke in colorado, could you get arrested, or it's just considered legal and it's okay? >> well, you're not going to get arrested in the short-term because it would really take, i guess, federal au
about four years ago when the first obama administration came in, eric holder signalled that they were not going to prosecute, go after medical marijuana in states that had approved it. since that time, a huge medical marijuana industry has popped up here. we have about 500 medical marijuana stores here and over 100,000 people on the medical marijuana registry. even though it's still against federal law, medical or not, so the advocates here are hoping that at the minimum they'll get that kind...
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joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >> so, van, i guess my first question that's eatsy for geithner to say, we're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he is making a very important point, which is that the american people did vote. they voted for the one thing the president said very clearly, which is that tax rates would go up on the wealthiest. it's an incredibly popular position. it's important for republicans to know that the white house is not going to accept any kind of a deal. that's the point he was trying to make. i think all the leverage now is with the democrats, with the president. the american public is on his side. i think it's important for the republicans not to think that they can just get any kind of deal out of him because if they do go over
joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >> so, van, i guess my first question that's eatsy for geithner to say, we're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he is making a...
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attorney or it's a trial balloon from the obama administration. and i think more likely, it's a trial balloon. because obama himself has said, look, i'm the president, but i can't legalize marijuana, because congress has outlawed it. either way, it is a trial balloon in the sense that it's going to have a chilling effect on the evolution of the industry in washington. the governor of the state, the regulators, when they get together to hash out the structure of the market, they are conspiring to break federal law. they're committing a crime. >> right. so how is that going to play out? in both these states, you have, you know, basically the law says they're going to have legalized marijuana growth and distribution and regulate it. can any of that even take place, unless there is some resolution from the federal government about how they're going to treat it? >> i think the state's going to move forward and wait to hear. they can't expect any resolution before they move forward. they have one year to do something that no one has ever done, create th
attorney or it's a trial balloon from the obama administration. and i think more likely, it's a trial balloon. because obama himself has said, look, i'm the president, but i can't legalize marijuana, because congress has outlawed it. either way, it is a trial balloon in the sense that it's going to have a chilling effect on the evolution of the industry in washington. the governor of the state, the regulators, when they get together to hash out the structure of the market, they are conspiring...
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. >>> treasury secretary timothy geithner said the obama administration will reject a budget deal that doesn't include higher taxes for the wealthiest 2% of americans. >> and the "fiscal cliff" deadline is now a day closer and still no deal between the president and republicans. political reporter grace lee is live in the newsroom with what this gridlock could cost californians. grace. >> reporter: well, liz, now we have some very real numbers that's what's at stake if we go over the "fiscal cliff." the daily democrat predicts that our state could lose $4.5 billion and lose about 200,000 jobs and with 26 days until that deadline, the painful reality is just becoming more clear. >> at 3:00, they want to start us closing on wednesday at noon. >> reporter: a social security employee for 30 years he is joining fellow federal workers across the u.s. to spread the word that the "fiscal cliff" is looming and at stake, social security benefits for millions. >> they seem to go for the people who had the least political pull, poor, disabled, people in east oakland. >> reporter: people like a soc
. >>> treasury secretary timothy geithner said the obama administration will reject a budget deal that doesn't include higher taxes for the wealthiest 2% of americans. >> and the "fiscal cliff" deadline is now a day closer and still no deal between the president and republicans. political reporter grace lee is live in the newsroom with what this gridlock could cost californians. grace. >> reporter: well, liz, now we have some very real numbers that's what's at...
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. >> reporter: wolf, the challenge is for the obama administration to figure out exactly what bashar al assad is up to with his deadly arsenal. the horror remains unspeakable. 25 years ago saddam hussein unleashed one of the worst poison gas attacks in history. thousands were killed. now, in syria, u.s. concerns are growing by the hour that bashar al assad may be planning the same thing against his citizens. >> the intelligence that we have raises serious concerns that this is being considered. >> reporter: u.s. intelligence shows syria has mixed chemical compounds needed to make a deadly agent that can quickly kill thousands. >> the united states and our allies are facing the prospect of an imminent use of weapons of mass destruction in syria. and this may be the last warning we get. >> reporter: the u.s. is not precisely saying what the syrians are doing, but there are two ways of mixing elements to make a saren filled weapon. >> you have to handle it very, very carefully. a drop will kill you. often it's done at the last minute. there's another style. >> reporter: chemicals placed
. >> reporter: wolf, the challenge is for the obama administration to figure out exactly what bashar al assad is up to with his deadly arsenal. the horror remains unspeakable. 25 years ago saddam hussein unleashed one of the worst poison gas attacks in history. thousands were killed. now, in syria, u.s. concerns are growing by the hour that bashar al assad may be planning the same thing against his citizens. >> the intelligence that we have raises serious concerns that this is being...
SFGTV2: San Francisco Government Television
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it is my incredible honor to represent the president, the obama administration here in the northern district of california. welcome to the stop bullying summit. i'm a federal prosecutor so it may seem odd that here we are talking about bullying and we asked all of you to be here and i want to explain the origin of that and why this happened. you people, everybody in this room, has been involved in this issue and is doing incredible work on this issue and we were so honored to be a part of it and to meet with all of you and to speak with you about it. the origin is that as the united states attorney, the administration wants me, wants all the united states attorneys, to go out into the community. it's actually a very different role for the united states attorney is envisioned by this administration. this administration, the president, attorney general holder, they want the u.s. attorneys to go out into the attorney to talk to the communities in our district to understand what the issues are and challenges are and to do what we can to help, to convene meetings, to do whatever we can to help on
it is my incredible honor to represent the president, the obama administration here in the northern district of california. welcome to the stop bullying summit. i'm a federal prosecutor so it may seem odd that here we are talking about bullying and we asked all of you to be here and i want to explain the origin of that and why this happened. you people, everybody in this room, has been involved in this issue and is doing incredible work on this issue and we were so honored to be a part of it...
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again today some members of the obama administration met with members of congress to discuss the libyan chaos. this story just drip, drip, drip. but in egypt things are getting very intense. as thousands of protesters demonstrate against the muslim brotherhood trying to seize totalitarian powers in that country as we predicted they would. sadly many measures don't care about what happens over seas but author brad thor who writes contemporary thrillers believes there suspect more to the libyan situation than we know. there thor, the author of the book blacklist joins us now from chicago. what's your headline here, brad? >> well, my headline is next week it's going to be three months since the killing of ambassador stevens and we don't know any more now than we did three months ago. and that is not good for our republic. >> bill: do you see because you research your buicks fairly thoroughly. the key to selling books in your genre is to make them realistic that people who read them go you know, this could really happen. so when you are looking at what happened in benghazi, libya, what are
again today some members of the obama administration met with members of congress to discuss the libyan chaos. this story just drip, drip, drip. but in egypt things are getting very intense. as thousands of protesters demonstrate against the muslim brotherhood trying to seize totalitarian powers in that country as we predicted they would. sadly many measures don't care about what happens over seas but author brad thor who writes contemporary thrillers believes there suspect more to the libyan...
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>> a drop in the bucket to what you're asking me to put myself in the obama administration shoes. >> this is what makes my head off like a bottle rocket. we should be focusing on the fontana of the structure, not nanny state junk forcing restaurant chains to post calories. stuart: that's the best answer. i had been in restaurants where the calories in each dish is noted. i have altered what i order based on the calorie count. i found a useful. stuart: the information about the to being fattening given to you by the government? stuart: and just trying to raise some mild objections. let me escape. that includes private practice doctors. after the break, a chiropractor and return this staff and stops taking any insurance all because of obamacare. it's a new day. if you're a man with low testosterone, you should know that axiron isis here. the only underarm trtment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become preg
>> a drop in the bucket to what you're asking me to put myself in the obama administration shoes. >> this is what makes my head off like a bottle rocket. we should be focusing on the fontana of the structure, not nanny state junk forcing restaurant chains to post calories. stuart: that's the best answer. i had been in restaurants where the calories in each dish is noted. i have altered what i order based on the calorie count. i found a useful. stuart: the information about the to...
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bill: you mentioned the obama administration. how are they reacting? was is our response? >> our response tends to look first to the yate united nation. there is talk of proportional sanctions being considered at the security council should north korea test. but it's clear that is not going to change the trajectory of north korea's per suit of a nuclear program. bill: steven yates, thank you. we are watching this, sometime we believe in the coming days to 10 days. here's martha. martha: $120 million to develop the next electric car battery. it's not an independent venture. you are paying for it. the u.s. taxpayer. we'll tell you about the government's latest gamble with your money. bill: one man' home survived superstorm sandy. but it did not make it through the recovery. >> the township didn't know what happened. i called the governor' office and she said to me, are you sure your house is gone? i said, miss, you miss place a pen or pencil, you don't miss place a house. ♪ i wish my patits could see what i see. ♪ that over time, having high cholesterol and any of thesri
bill: you mentioned the obama administration. how are they reacting? was is our response? >> our response tends to look first to the yate united nation. there is talk of proportional sanctions being considered at the security council should north korea test. but it's clear that is not going to change the trajectory of north korea's per suit of a nuclear program. bill: steven yates, thank you. we are watching this, sometime we believe in the coming days to 10 days. here's martha. martha:...
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. >> one of the biggest criticisms of president obama and the administration has been they tend to negotiate against themselves. i'm at this position and a week later i'm at this position. what he's trying to do is show their hardening their stance but in the end they will make a deal. it's hard to raise $1.6 trillion in revenues. most of the deals we've seen that were working were two and a half to one spending cuts. and all you are hearing about is revenues. >> the republicans on the hill really believe that the president is prepared to go over the cliff and blame them. they believe this is a political exercise. and so they believe that's what's happening. gietner hardened their position. >> we have about a minute left. want to shift focus to syria. there's word that they are preparing chemical weapons i mean loading some of these chemical weapons into bombs and into planes. what are your concerns about this? there are the obvious concerns. but this puts the u.s. in a difficult position with how you deal with this if president asad goes forward with this. >> president obama has a huge prob
. >> one of the biggest criticisms of president obama and the administration has been they tend to negotiate against themselves. i'm at this position and a week later i'm at this position. what he's trying to do is show their hardening their stance but in the end they will make a deal. it's hard to raise $1.6 trillion in revenues. most of the deals we've seen that were working were two and a half to one spending cuts. and all you are hearing about is revenues. >> the republicans on...
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. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the last minute deal that's where you find wiggle room. >> i guarantee you there's guys in boehner's camp that are ready to go over, too. >> but he's been moving to marginalize those peel. this is his way of taking control of the party. >> the question is why do they care where the money comes from. if you have a revenue target, then fine. but we need $800 million in revenue. john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going off the cliff, but the president will be
. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the last minute deal that's where you find wiggle room. >> i guarantee you there's guys in boehner's camp that are ready to go over, too. >> but he's been moving to marginalize those peel. this is his way of taking control of the party. >> the question is why do they care where the money...
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today the obama administration will recommend seniors be careful before signing one. new starbucks likely coming to a neighborhood near you, planning to open 1500 more cafes over the next five years, averaging two ♪ we were skipping stones and letting go ♪ ♪ over the river and down the road ♪ [ female announcer ] at nature valley, we know nature comes together in amazing ways. that's why we bring together natural ingredients, like dark chocolate with toasted oats, or sweet golden honey. perfect combinations of nature's delicious ingredients, from nature valley. ♪ ♪ i was thinking that i hope this never ends ♪ [ female announcer ] nature valley granola bars, nature at its most delicious. >>> good morning. 5:14. live look san francisco looking across the bay into oakland and east bay, something is happening in the east bay. yes! the raiders game! [ laughing ] >> that was too easy. >> hosting the broncos and peyton manning. >> should be a good one. we'll check in with mike. >>> developing news in the search for a nevada couple reported missing after driving
today the obama administration will recommend seniors be careful before signing one. new starbucks likely coming to a neighborhood near you, planning to open 1500 more cafes over the next five years, averaging two ♪ we were skipping stones and letting go ♪ ♪ over the river and down the road ♪ [ female announcer ] at nature valley, we know nature comes together in amazing ways. that's why we bring together natural ingredients, like dark chocolate with toasted oats, or sweet golden honey....
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i think we have said ad nauseam what the obama administration is proposing -- >> techniquely the nazis didn't want to kill the pour -- >> stephanie: thank you, jim. >> which would make them extreme right-wingers. >> stephanie: i'm sure it is so noted at news busters, as they are busily transcripting the new transcript as we talk about the old transcript. no miller prefers to conjure up ominous images of woodchipers just over the horizon. whatever it takes to keep her amused. >> well, yeah kind of the point of the show. [ applause ] >> stephanie: we have got all the mulch we need between stephanie miller's ears. >> pow! >> stephanie: don't confuse mulch with soggy shredded wheat. happy face. >> what does that mean? >> stephanie: if anyone is potential fodder or mulch this gas bag is. >> yeah, so there. >> stephanie: all right. thank you. [ applause ] >> stephanie: news busters. i love you so much. i really do. okay. forty-four minutes after the hour. right back on the "stephanie miller show." >> announcer: welcome to the party barn. make we take your order? it's the "stephanie miller sh
i think we have said ad nauseam what the obama administration is proposing -- >> techniquely the nazis didn't want to kill the pour -- >> stephanie: thank you, jim. >> which would make them extreme right-wingers. >> stephanie: i'm sure it is so noted at news busters, as they are busily transcripting the new transcript as we talk about the old transcript. no miller prefers to conjure up ominous images of woodchipers just over the horizon. whatever it takes to keep her...
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"the new york times," the obama administration secret arms shipments to qatar to help overthrow moammar gadhafi. according to "the times," some of those weapons were turned over to islamic militant groups. the support from qatar helped destabilize gadhafi's regime, but american officials remain concerned over where the arms ended up. >> "the wall street journal," egypt descending into political turmoil after another night of intense clashes on the doorsteps of the presidential palace. it's the largest confrontation since the revolution that overthrew hosni mubarak. critics say he's rushing through a constitution with an islamic agenda. >>> u.s. and russian senior diplomats will meet today with the united nations peace envoy for syria in an attempt to end the civil war there. this comes as pentagon sources tell nbc news there is intelligence suggesting the syrian government has loaded sarin gas into aerial bombs and awaiting command from president assad for its use. >>> and from our parade of papers, "the san francisco chronicle," american jazz legend dave brubeck died just short of his
"the new york times," the obama administration secret arms shipments to qatar to help overthrow moammar gadhafi. according to "the times," some of those weapons were turned over to islamic militant groups. the support from qatar helped destabilize gadhafi's regime, but american officials remain concerned over where the arms ended up. >> "the wall street journal," egypt descending into political turmoil after another night of intense clashes on the doorsteps...
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and the obama administration almost like a character from "seinfeld" said we are going to do this out of spite and said we are going to have to raise the rates rather than do this loophole closing thing and all of the rest. the problem with that is that presidents get very few do officer, one ever the few that they get is right after an election they can change the tone, they can sort of start over and instead of doing that and trying to figure out how to fulfill this promise that obama has always made about being bipartisan he's decided just to sort of do the same thing he did with the stimulus, which is to try to steam roll the republicans, to crush them, to placate his base, and it has the potential to create another four years of partisan whommer and tong fighting in washington. jon: i wanted to get your reaction to what the treasury secretary had to say in that report from mike emanuel a minute ago. he was asked flat out is the white house ready to go over the fiscal cliff and boom he says, absolutely, as if that is a good thing. i mean there are defense contractors who are going
and the obama administration almost like a character from "seinfeld" said we are going to do this out of spite and said we are going to have to raise the rates rather than do this loophole closing thing and all of the rest. the problem with that is that presidents get very few do officer, one ever the few that they get is right after an election they can change the tone, they can sort of start over and instead of doing that and trying to figure out how to fulfill this promise that...
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Dec 6, 2012
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treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says
treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and...
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Dec 6, 2012
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treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says
treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and...
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Dec 6, 2012
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house republicans say there will be no deal if tax ritz go up and the obama administration says it's ready to go thelma and louise style over the cliff on january 1. if that's the case, wendell goler live at the white house with what we know is going on behind the scenes. anything happening? >> steve, the president and house speaker john boehner talked on the phone yesterday, but they agreed not to characterize their conversation. so it's unclear how much progress they made. from the outside, it does seem they've moved a bit closer with boehner now agreeing to raise tax collection from the wealthy, though not by raising tax rates. >> we've got to cut spending and i believe to put revenues on the table. the revenues we're putting on the table will come from, guess who, the rich! there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> the president lobbied big business leaders yesterday with an appearance at the business round table. his aides say
house republicans say there will be no deal if tax ritz go up and the obama administration says it's ready to go thelma and louise style over the cliff on january 1. if that's the case, wendell goler live at the white house with what we know is going on behind the scenes. anything happening? >> steve, the president and house speaker john boehner talked on the phone yesterday, but they agreed not to characterize their conversation. so it's unclear how much progress they made. from the...
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Dec 6, 2012
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and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. i don't know how any of us can look our kids and grandkids in the eye and explain to them that we aren't willing to pay for the things we are enjoying today but just going to send them the bill. that's why republicans ha
and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending...